Added to YB: 2024-11-11
Pitch date: 2024-11-03
SJJ.F [bullish]
Serviceware SE
-11.54%
current return
Author Info
No bio for this author
Company Info
Serviceware SE provides a portfolio of software solutions for the digitalization and automation of service processes in Germany, Austria, Switzerland, and internationally.
Market Cap
EUR 135.4M
Pitch Price
EUR 13.00
Price Target
N/A
Dividend
N/A
Sector
Software
Category
growth
Serviceware SE: Profitable SaaS Transition with Strong Growth in IT Service Management
SJJ.F: EV/S 1.1x, net cash 30% MCAP. ITSM/ITFM recurring rev 70% of total, >20% growth. EBIT positive, >100% cash conversion. Blue chip clients. Mgmt owns ⅔. Growing via partners outside DACH. SaaS transition near complete (80%). Strong AI offering. Q3 sales +18%, orderbook +43%. 10x EV/EBITDA, 0.9x EV/S FY25E. Cheap due to slow SaaS shift, int'l growth struggles, poor reporting.
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